Exclusives

Kosmos Energy, BP, offshore, Senegal, Mauritania, Yakaar-1, discovery, gas, Tortue

The gas find, located west of the Teranga discovery and south of Tortue, is estimated to hold 15 trillion cubic feet of natural gas.

North Africa Petroleum Exhibition and Conference, Algeria, oil, Sid-Ali Betata, Anadarko, Sonatrach

Technology and investment opportunities were among the topics discussed during the conference.

ExxonMobil, Guyana, offshore, discovery, oil, Snoek, Liza, Payara

The Snoek well, southeast of the Liza discovery, hit high-quality oil-bearing sandstone reservoirs, the company said.

Stratas Advisors outlined regional relationships’ link to energy production in a recent webinar, as the Trump administration marks its first month. 

The North African nation hopes to regain pre-Arab Spring production levels, but challenges abound.

Deepwater International

Anadarko Petroleum has decided to terminate its charter of the Dolphin Drilling drillship Belford Dolphin in September this year, with the unit currently working for the operator off east Africa’s Mozambique.

The battle to win the contract to design and build a world-class FLNG unit to be used by Eni and its partners on a mega-gas project offshore Mozambique is coming to the boil.

Various subsea equipment will be delivered throughout 2015 and 2016.

UK independent Sterling Energy has had the exploration period for two frontier blocks northwest of Madagascar extended.

The contract is for a firm charter period of 15 years with five yearly extension options exercisable by the client. 

Exploration

The well has proven oil charge across a significant part of the Greater Etom structure, Tullow said.

Total and Mauritania have signed an E&P contract to perform exploration works on Block C7, which covers an area of 7,300 sq km (2,819 sq miles), the company said in a news release.

The first agreement involves an exploration and production-sharing contract for the 10, 357 sq km Rufisque Offshore Profond Block, Reuters reported.

 Sound Energy’s CEO James Parsons said the extension of the field management agreement will allow cash flow to be spent on the region’s exploration.

Reuters said the main oil firms involved in South Sudan, which produced about 245 Mbbl/d until fighting flared at the end of 2013, are China National Petroleum Co., Malaysia's state-run oil and gas firm Petronas, and India's ONGC Videsh. 

Production

Egypt is holding talks with its LNG suppliers to defer contracted shipments this year and aims to cut back on purchases in 2018 as surging domestic gas production squeezes out demand for costly foreign imports.

The Taurus and Libra fields, commissioned eight months ahead of schedule and under budget, are currently producing 700 million standard cubic feet of gas a day to the Egyptian national gas grid, BP said in a statement.

According to the chairman of Libya's NOC, the dispute with Wintershall was linked to a decree issued this year by the Presidency Council of the U.N.-backed government in Tripoli, giving it the power to negotiate investment agreements with foreign companies, Reuters reported.

Libya’s Sharara oil field, with a production capacity of almost 300,000 barrels per day (bbl/d), has restarted after the end of protests by an armed group that had blocked pipelines there, a Libyan oil source and a local official said on April 27.

The reopening would allow Mellitah to restore production of about 450 million cubic feet of gas, 9,000 barrels per day (bbl/d) of oil, and 7,500 bbl/d of condensate, Libya’s National Oil Corp. said.

Subsea Engineering

Nigeria’s senate will debate a long-awaited oil industry reform bill after receiving the draft law on April 6, the latest step in efforts to overhaul the energy sector in Africa’s largest economy.

Italian energy company Eni will sell a 30% stake in its giant Egyptian offshore gas field Zohr to Russia’s Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and offset weak oil prices.

BP has agreed to buy 10% of Eni’s Shorouk concession offshore Egypt, which includes the giant Zohr gas field, for $375 million, joining other oil majors in increasing bets on the growing gas market.

Somalia looks more likely to strike oil than gas in its long pursuit of offshore riches, making it easier for the African state to exploit any windfall but also potentially upsetting the fragile recovery led by its Western-backed government.

Continued exploration efforts, undeterred by a crippling downturn, have led Exxon Mobil Corp. to potential recoverable resources of up to 1 Bbbl of oil offshore Nigeria nearly 3 km (2 miles) below the seafloor.

Technology

PENGASSAN General Secretary Lumumba Okugbara said the union’s 10,000 members were taking part in the three-day nationwide strike, which began on May 16 and would continue until May 17.

Cobalt said it had filed requests for arbitration seeking more than $2 billion from Angola's state-run Sonangol after the two failed to reach an agreement on license deadline extensions on two deepwater blocks.

Nigerian workers at U.S. oil major ExxonMobil Corp. have gone on strike in protest over the sacking of workers, oil labor union officials said on May 11.

The demonstrations are the latest unrest to trouble Tunisia’s government which is trying to enact economic reforms to reduce public spending and create more job growth, but it has struggled to make progress.

Reuters reported that, according to a statement from the office of Senegal's president, the energy portfolio will now be managed by Prime Minister Mahammed Boun Abdallah Dionne.